Breaking the Black Box [Hardcover] by Pring, Martin J - Hardcover

Hardcover

ISBN 10: 0967869102 ISBN 13: 9780967869100

Listen, watch, read and learn how to design, test and implement your own mechanical trading systems. Part I takes you systematically through the process of designing, testing and applying systems in the market place, along with tools for risk management, leverage, timing and more. Part II covers systems based on a single security, such as U.S. equity market, closed end mutual funds, soybeans and the CRB. Part III highlights intermarket relationships. Here, you will learn to analyze equities vs. short-term interest rates, CRB vs. gold, bonds vs. commodities and systems that use relative strength. Proof is in the pudding, so Parts 2 and 3 illustrates these principles with actual market place examples of several tried and tested systems. Lastly, Part IV is the Appendix, which offers the interactive quiz (with answers) found on the CD, reproduced to help you test your knowledge of material already covered. You will also find a glossary of terms used within the book.

If you pont want to design your own systemthats okay. Martin offers you a full menu of ideas that can be implemented immediately. None are perfect, but some, such as that is applied to the NASDAQ, beat the buy/hold approach by 3,000% between 1980 and 1998. Remember when gold was in the doldrums between 1981 and the turn of the century? He shows you an approach using a no-load gold fund that would have turned $1 to $50 between 1989/98. Not all systems are of the Holy Grail variety and Pring is not afraid to tell his students about the potential pitfalls and problems with the application. One of his favorite and best-performing systems using the British pound worked brilliantly between 1970 and 1990, then for some unforeseeable reason went bust. While it was not possible to anticipate such a development, he does tell us how we might have identified its weakness just after it began to fail and which currency showed greater promise using the same approach.

Prings Technical Analysis Explained has been a best seller for two decades and his more recent Introduction to Technical Analysis CD-ROM tutorial has already established itself as a standard work in the field. Now, for the first time, the fascinating subject of mechanical trading systems is written in easy-to-understand language. Breaking the Black Box is the third in his Advanced Technical Analysis series of book/CD-ROM combinations where interesting topics are presented at length using the audiovisual format. The two previous CD-ROM tutorials are Learning the KST and Introduction to Candlestick Charting. The fourth, Technicians Guide to Day Trading, offers a complete guide to use charts for more profitable day trading.

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�ber die Autorin bzw. den Autor

Martin J. Pring entered the financial markets in 1969 and has grown to become a leader in the global investment community. In 1981, he founded the International Institute for Economic Research, and began providing research for financial institutions and individual investors around the world. Since 1984, he has published a monthly market review offering a long-term synopsis of the world's major financial markets. Demanded as a speaker worldwide, he is the author of several outstanding books including, Introduction to Technical Analysis, Martin Pring on Market Momentum, and Technical Analysis Explained, now in its third edition. Since this unique book first appeared in 1979, Technical Analysis Explained has established itself as the number one guide of its kind. It is used by several international technical societies for training and is one of the three main books for Level 1 CMT certification for the Market Technicians Association. Translated into over 10 languages, the book is, as quoted in Forbes, widely regarded as the standard work for this generation of chartists. According to Futures Magazine it is one of the best books on technical analysis to come out since Edwards & Magees classic text in 1948belongs on the shelf of every serious trader and technical analyst. It has since become the text on which other works in the field have been based.

Described by Barrons as a "technicians technician", Martins articles have been featured in Barrons, and he has been quoted in The Wall St. Journal, International Herald Tribune, The New York Post and Los Angeles Times newspapers and the National Review. He is currently writing a monthly educational column on the basics of technical analysis for Stocks and Commodities Magazine. Over the past 31 years, his research has led to the development of reliable financial and economic indicators for timely and effective forecasting. Martins personal Barometers for the Bond, Stock and Commodity markets have identified major turning points since the 1950's on a timely basis and have outperformed the buy/hold approach by a wide margin.

Martin pioneered the introduction of videos as an educational tool for technical analysis in 1987, and was the first to introduce educational, interactive CDs in this field. His latest releases include Technicians Guide to Day Trading, the Introduction to Technical Analysis, an 8-hr CD-ROM/ book course for the beginning to intermediate technician, and Breaking the Black Box, a no-nonsense guide to creating and testing mechanical trading systems. He is currently working on the CD-ROM version of Market Momentum, a book referred to by many as the source for information on this subject.

For many years, Martin's primary interest has been educating students of technical analysis in the basic and finer points of this art. He enjoys mentoring students of technical analysis from the college level to professionals already in the field, sharing the wealth of knowledge he has gained through his own experience and research. In this regard, he has spoken on technical analysis to the Darden Business School, Golden Gate University, and University of Richmond, VA.

Martin currently lives in Sarasota, Florida, with his wife, two children and his dog, Rudy.

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Erscheinungsdatum: 1615
Sprache: Englisch
ISBN 10: 0967869102
ISBN 13: 9780967869100
Einband: Gebundene Ausgabe
Kontakt zum Hersteller: Nicht verf�gbar
Verantwortliche Person: Nicht verf�gbar

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